Gotlandsbolaget: Q3 and First 9 Months

By 24 November 20232023 Newsletter week 47
November 24, 2023
  • Despite a slight decrease in the number of travellers, Gotland remains a strong summer destination.
  • Measures taken to strengthen the results, such as efficiency improvements and adjusted ticket prices, have had a positive economic impact, leading to an improved adjusted operating result compared to the loss in 2022.
  • During Q3, Trafikverket distributed the procurement documentation for the contracted Gotland traffic for the period 2027–2035. The primary goal is to renew confidence, but in the event of not winning the contract, there are plans to continue operating traffic between Gotland and the mainland.
  • Additionally, efforts are ongoing for the development of a new cruise line in collaboration with Viking Line, investments in accommodation facilities on Gotland, local biogas production, and technological advancements to reduce emissions from ferry traffic.

Q3, 2023

  • Revenues: SEK 968.5 million (1,140.2)
  • Costs: -690.9 MSEK (-958.4)
    • Revenues and costs are lower than the previous year.
    • Mainly impacted by items related to Stockholms Reparationsvarv and Hansa Destinations.
    • Also influenced by ships sold during the second half of 2022 and the first half of 2023.
  • Adjusted Operating Profit: SEK 277.6 million (181.8)
    • Corresponding to SEK 111.0 (72.7) per share.
    • Improvement due to the negative result for Hansa Destinations in the previous year.
    • Adjusted prices in Gotlandstrafiken and stabilized fuel prices contributed to the improvement.
  • Capital Gains on Sale of Vessels: SEK 19.1 million (0.5) net.
  • Financial Net: SEK 17.3 million (4.8)
    • Higher interest rates and increased investments in the money market.
    • Negative exchange rate effects.
  • Profit After Tax (including capital gains on sales): SEK 247.2 million (162.9)
    • Corresponding to SEK 98.9 (65.1) per share.

First 9 months of 2023

  • Revenues: 1,895.5 MSEK (2,395.3)
  • Costs: -1,711.4 MSEK (-2,363.0)
    • Both revenues and costs for the period are lower than the previous year.
    • Mainly due to the inclusion of items related to Stockholms Reparationsvarv and Hansa Destinations in the previous year.
    • Also influenced by ships sold during the second half of 2022 and the first half of 2023.
  • Adjusted Operating Profit: 222.9 MSEK (32.6)
    • Corresponding to 89.2 SEK (13.0) per share.
    • Improvement attributed to the negative result for Hansa Destinations in the previous year.
    • Adjusted prices in Gotlandstrafiken and stabilized fuel prices contributed to the improvement.
  • Net Capital Gains on Sale of Vessels: 280.3 MSEK (0.4)
  • Financial Net: 137.9 MSEK (10.7)
    • Positive currency exchange effects.
    • Higher interest rates and increased investments in the money market.
  • Profit After Tax (including net capital gains on sales): 503.1 MSEK (11.3)
    • Corresponding to 201.2 SEK (4.5) per share.